Credit Suisse

Just a month after netting close to $400m by selling some of its stake in Indonesian retailer Matahari Department Store, CVC Capital Partners is back in the equity capital markets — this time aiming to raise close to $1bn by offloading some of media company Link Net.

Port operator Pelabuhan Indonesia III (Pelindo III) is on the cusp of making its debut in the debt capital markets after releasing initial price guidance for a 10 year bond at 5.25% area on September 24.

Philippine retailer SSI Group has started investor meetings for an IPO worth around Ps10.8bn ($243m), which will see the company offering a combination of primary and secondary shares.

Thailand’s equity market looks set for a busy few months with Bangkok Airways Public Company starting to pre-market an IPO that could raise up to $500m. At that size the deal would be one of the largest listings ever in the country.

Philippines’ Premium Leisure Corp, which was previously called Sinophil Corp, has launched a Php6bn ($135m) placement of shares to investors, with roadshows to continue until the end of next week.

Hong Kong’s Chong Hing Bank managed to navigate a tight issuance window this week to tap the market with what is only the second US dollar denominated AT1 trade from an Asian lender. The $300m perpetual non call five transaction proved to be such a hit with investors that books ended up more than 16x covered, which allowed the lender to shave 25bp off its closest comparable.

Korea Development Bank and eight other creditors have netted W190.3bn ($182.3m) by selling a 11.9% stake in Kumho Tire Co on Thursday evening. The leads managed to generate a strong momentum on the transaction despite news of Hyundai Motor’s jumbo $10bn purchase of a property in Seoul putting the market under pressure.

Rating: Aa1/AA-/AAA

Rating: A1/A/A

A trio of SSA borrowers squeezed into a narrow window of issuance this week to enjoy exceptionally strong conditions in dollars. Origination bankers will be beating at the doors of any funding officials that still have work to do this year to persuade them to mandate for next week and take advantage.

Credit Suisse was the only financial to sell senior debt in euros this week, with data releases and political events leading issuers to shy away from the primary market. The issuer drew a hefty order book for a short dated floater, before following up with a longer dated Swiss franc print.

Dutch credit insurer Atradius sold its first bond for 10 years on Tuesday, a long-dated subordinated note. Scor, another rare issuer, is in the market for a sub trade of its own in the near future, mandating banks to arrange investor meetings for a dual tranche deal denominated in euros and Swiss francs.